The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

OETF Awards Service Provider Contracts to Northwater and Covington

The RFP process for the Ontario Emerging Technologies Fund administrator has ended, with Northwater Capital and Covington Capital having been selected.

According to the news item from OETF,

“Northwater Capital Management Inc. will review applications to become a qualified investor.  Covington Capital Corporation will review applications from qualified co-investors in relation to qualified investments and will provide ongoing administration and monitoring of co-investments under the Fund.”

Don’t contact the service providers, though:

“All OETF-related decisions will be made by OCGC and all inquiries regarding the OETF should continue to be directed to OCGC.”

This is the last piece of the OETF puzzle, and in his recent presentation at the OBIO-MRI panel, John Marshall noted that they have already started looking at investors and deals.

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